The Business & Industry Guides series is produced by the Library & Information Service for ICAEW members and ACA students.
We can compile tailored key players reports, mailing lists, market reports, benchmarking reports and industry news. Our enquiry team can also research other industry-specific information, such as taxation, for you. Call us on +44 (0)20 7920 8620 or email library@icaew.com.
eBooks
The ICAEW Library & Information Service provides full text access to a selection of key business and reference eBooks from leading publishers. eBooks are available to logged-in ICAEW members, ACA students and other entitled users. If you are unable to access an eBook, please see our Help and support advice or contact library@icaew.com.
Exclusive
Mastering Islamic finance: a practical guide to sharia-compliant banking, investment and insurance
A practical and accessible guide to Islamic finance that helps demystify the differences with conventional banking, enabling practitioners to develop Sharia compliant products for customers
Exclusive
Introduction to Islamic finance, An: theory and practice
Guide to the theory and features of Islamic financial systems.
Exclusive
Understanding Islamic finance
Introduction to the essential issues and products involved in Islamic finance.
Exclusive
Islamic finance: law, economics, and practice
Qualitative overview of the practice of Islamic finance.
Business press
The ICAEW Library & Information Service provides access to leading business, finance and management journals. These journals are available to logged-in ICAEW members, ACA students and other entitled users subject to suppliers'
terms of use.
ICAEW members and ACA students can obtain articles from the Journal of Islamic Accounting and Business Research by contacting the Library enquiry service by telephone on +44 (0)20 7920 8620 or by email at
library@icaew.com.
Exclusive
The Islamic banking boom in Pakistan
Islamic banking has experienced a remarkable surge in Pakistan, according to a report by PWC. The country's six solely Islamic banks and 16 conventional banks with Islamic banking branches have triumphed in capturing a substantial market share, significantly altering people's financial inclinations. The government has encouraged the industry with a number of regulations and incentives to promote Islamic banking.
Exclusive
Implementation of AAOIFI standard no.35 by Saudi Islamic banks: Opportunities and challenges
The authors present their research, which analyses the reality of reserves in Islamic banks in light of Financial Accounting Standard No. 35 issued by AAOIFI in 2018. They also studied the extent to which Saudi Islamic banks adhere to this standard and identify the advantages and challenges facing these banks in this field.
Exclusive
Sukuk issuance reaches new heights but pace to slow
Huge demand from Islamic investors has propelled new sukuk issuance volumes to a record level - but the pace is likely to drop, as access to the sukuk market from outside the Islamic world is limited. One emerging market syndicate head in London said demand for sukuk bonds from Islamic banks has been "insatiable". High energy prices over the past twelve months mean banks in the Gulf (who are some of the main buyers of sukuk) are currently cash-rich and looking to spend.
Exclusive
Digitalization and the prospects of cryptocurrency in Islamic finance
Are the principles of Islamic finance compatible with cryptocurrency? The authors investigate the extent to which cryptocurrency structure complies with the maxims of Islamic finance and the views of Islamic finance scholars. The challenges facing the introduction of cryptocurrency into Islamic finance are outlined.
Exclusive
Islamic finance insulated from external banking turmoils
Islamic finance's reputation for keeping investments ethical could be key to protecting stakeholders from the potential new banking crisis, while it rides on the ESG sustainability wave.
Exclusive
Gaining momentum: Islamic banks' performance improved in 2022 while they expanded their footprints
Article announcing the winners of Global Finance's Best Islamic Financial Institutions 2023 awards.
Exclusive
$2.2t Islamic finance industry set for 10% expansion in 2022
The $2.2 trillion global Islamic finance industry will expand about 10% in 2022-2023, although it is still held back by structural constraints - according to a new S&P Global Ratings report.
Exclusive
Compliance and determinants of the AAOIFI financial standards: Evidence from the MENA region
Research analysing the level of compliance of financial disclosure with accounting standards of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) in Middle Eastern and North African (MENA) Islamic banks. Based on 40 Islamic banks in seven MENA countries over the period 2010-2016, the authors used a disclosure index to measure the compliance level.
Articles and books in the ICAEW Library collection
The collection of the ICAEW
Library & Information Service includes a range of articles and books on Islamic banking. Use the links below to see what we have available to request in our Library catalogue (Libcat). Please
contact us if you would like to borrow a book or request a copy of an article.
Foundations of shari'ah governance of Islamic banks
This book aims to "detail the internal, external and institutional arrangements needed to promote responsible shari'ah governance, and critically analyse current laws, regulations and industry practices on the topic." It includes a sample shari'ah governance manual and shari'ah audit checklists.
To find out how you can borrow books from the Library please see our guide to borrowing books.
You can obtain copies of articles or extracts of books and reports through our document supply service.
Islamic Financial Services Board (IFSB)
The IFSB issues global standards for the Islamic finance industry, as well as conducting research and coordinating new industry initiatives. It currently provides quarterly Islamic banking data for 22 countries: Afghanistan, Bahrain, Bangladesh, Brunei, Egypt, Kazakhstan, Indonesia, Iran, Jordan, Kuwait, Lebanon, Malaysia, Nigeria, Oman, Pakistan, Palestine, Qatar, Saudi Arabia, Sudan, Turkey, the United Arab Emirates and the United Kingdom.
Prudential and Structural Islamic Financial Indicators (PSIFIs) available include:
- Capital adequacy
- Asset quality
- Earnings
- Leverage
- Liquidity
- Sensitivity to risks
- Value of Shariah-compliant financing by economic activity
- Value of returns by major type of Shariah-compliant contract
- Number of Islamic banks
- Number of employees
Reports, guides and surveys
Corporate Governance Practices in Islamic Banks 2017
A joint World Bank Group and CIBAFI publication analysing current corporate governance practices within the Islamic banking industry. Using information from 77 Islamic banks, the report focuses on six corporate governance themes: the Board of Directors; Board Committees; Internal Control and External Audit; Risk Governance; Shariah Governance and Transparency and Disclosure.
Financial reporting by Islamic financial institutions: 2017 update
An update to the Asian-Oceanian Standard-Setters Group (AOSSG)'s 2014 international study of financial statements of 132 Islamic financial institutions from 31 jurisdictions. The surveys identify the financial reporting standards that the institutions are legally required to comply with and the extent of compliance.
Islamic finance Out-Law guide
A Pinsent Masons Islamic finance guide to how Islamic finance and Islamic banking is developing globally. It explains that each market has different approaches and there are no standard financing templates. The overarching principles of Islamic finance are also detailed.
Reference Guide: Islamic Finance for Infrastructure PPP Projects
A World Bank Group and Islamic Development Bank joint guide - provides a road map for using Islamic finance, aiming to share knowledge about how Islamic transactions work. It provides a complete set of Islamic finance template agreements which can be used in infrastructure projects.
United Arab Emirates Islamic Banking Index 2020
An annual survey of consumer uptake and perception of Islamic banking products and services in the United Arab Emirates (UAE), carried out by Emirates Islamic. The 2020 survey found a small reduction in the overall penetration and customer intention to subscribe for both conventional and Islamic products compared with 2019.
Databases, portals and other resources
International Islamic Financial Market
A non-profit international institution supported by a number of central banks and government agencies with a mission to establish, develop and promote Islamic capital and the money market.
Islamic Markets
An online platform for the global Islamic finance community providing a comprehensive collection of
education resources, financial intelligence and an investing platform.
Every effort has been made to ensure that the information given in this Business & Industry Guide is correct. However, the content of websites changes frequently and users should satisfy themselves that the information they contain is suitable for the purposes for which they wish to use it. We would be grateful to receive notification of any broken links at library@icaew.com.
Hyperlinks
ICAEW accepts no responsibility for the content on any site to which a hypertext link from this site exists. The links are provided ‘as is’ with no warranty, express or implied, for the information provided within them. Please see the full copyright and disclaimer notice.